Brian Mitts Sells 5,000 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Brian Mitts sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $34.25, for a total value of $171,250.00. Following the completion of the transaction, the insider now owns 66,947 shares in the company, valued at approximately $2,292,934.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NexPoint Residential Trust Trading Down 1.5 %

Shares of NYSE:NXRT opened at $34.84 on Wednesday. NexPoint Residential Trust, Inc. has a 52-week low of $26.21 and a 52-week high of $49.87. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.59 and a current ratio of 2.66. The company has a market cap of $897.83 million, a P/E ratio of 12.31, a P/E/G ratio of 1.05 and a beta of 1.25. The stock’s 50-day moving average is $31.60 and its 200-day moving average is $31.52.

NexPoint Residential Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.4624 dividend. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 5.31%. The ex-dividend date is Friday, June 14th. NexPoint Residential Trust’s payout ratio is currently 65.37%.

Analyst Upgrades and Downgrades

NXRT has been the topic of several analyst reports. Raymond James lowered shares of NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, March 18th. Truist Financial cut their target price on NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft assumed coverage on NexPoint Residential Trust in a report on Tuesday, January 30th. They set a “buy” rating and a $38.00 price objective on the stock. Finally, JMP Securities restated a “market outperform” rating and issued a $40.00 target price on shares of NexPoint Residential Trust in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.25.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. AQR Capital Management LLC raised its stake in NexPoint Residential Trust by 175.9% during the 3rd quarter. AQR Capital Management LLC now owns 163,547 shares of the financial services provider’s stock valued at $5,263,000 after purchasing an additional 104,270 shares during the last quarter. Strs Ohio raised its position in shares of NexPoint Residential Trust by 1,525.0% during the third quarter. Strs Ohio now owns 78,000 shares of the financial services provider’s stock valued at $2,510,000 after buying an additional 73,200 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of NexPoint Residential Trust by 41.7% in the third quarter. Envestnet Asset Management Inc. now owns 145,379 shares of the financial services provider’s stock valued at $4,678,000 after buying an additional 42,789 shares during the period. Pasadena Private Wealth LLC acquired a new stake in NexPoint Residential Trust during the fourth quarter worth about $1,428,000. Finally, Paralel Advisors LLC bought a new position in NexPoint Residential Trust during the fourth quarter valued at about $1,139,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.